<ul class="news-points">
 <li>The Japanese Yen falls to multi-year lows against the dollar and euro.</li>
 <li>Amelie reiterates the SBI CEO’s prediction that every Japanese bank would use XRP by 2025.</li>
 <li>Yen’s fall reinforces the need for a significant and immediate update in the financial system.</li>
</ul>
Recent reports <a href="https://www.reuters.com/markets/currencies/firm-dollar-drags-yen-down-closer-intervention-range-2024-04-23/" target="_blank" rel="noopener noreferrer nofollow">revealed</a> a subsequent decline in the Japanese Yen, keeping investors anxious. While the Yen dropped to a multi-year low, <a href="https://coinedition.com/the-ceo-of-sbi-holdings-co-signs-ripple-partnership-expansion/" rel="noopener noreferrer nofollow">SBI CEO Yoshitaka Kitao</a>’s previous statement on the potential of XRP once again gained traction.
&nbsp;A crypto enthusiast, known on X as Amelie shared an X post reflecting Kitao’s preference for Ripple’s XRP. While Amelie shared insights on the recent downfall of the Yen, she stated that it could be compensated with the establishment of an XRP payment system in Japan. She added, “We need to totally update the system!”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The Japanese yen <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b4.png" alt="💴" class="wp-smiley" style="height: 1em; max-height: 1em;"> is experiencing almost a complete downfall <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> But it fits the narrative that every bank in Japan will be using <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> by 2025, according to the SBI CEO <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3e6.png" alt="🏦" class="wp-smiley" style="height: 1em; max-height: 1em;"> We need to totally update the system! <a href="https://t.co/Jia2Y9CTk3" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Jia2Y9CTk3</a>— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) <a href="https://twitter.com/_Crypto_Barbie/status/1783967741621272895?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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In 2023, Yoshitaka Kitao, the CEO of Strategic Busines…
The post <a href="https://coinedition.com/will-banks-adopt-xrp-by-2025/" rel="noopener noreferrer nofollow">Japanese Yen Falls To Multi-Year Lows: Will Banks Adopt XRP By 2025?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Japanese Yen Falls To Multi-Year Lows: Will Banks Adopt XRP By 2025?

Coin Edition

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